Business

Maersk’s results bode well for trade

COPENHAGEN — The world’s largest shipping company says it is sending more containers around world, a sign that global trade — and possibly economic growth — is picking up.

A.P. Moller-Maersk, which investors monitor as a bellwether for world trade, lifted Tuesday its earnings outlook on the back of an increase in freight volumes, a promising development .

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The Danish group said shipping volumes rose 6.6 percent in the second quarter, one of several factors that caused its profit to more than triple to $2.3 billion.

Associated Press

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